I HATE following the crowd, but they're right about USDJPY.

28 thg 10, 2018

USDJPY is headed down, BUT the long-term analysis of the monthly chart is not bearish. The current US President (President Trump) will do everything he can to boost the economy (or the market sentiment) as the upcoming political debates take place. Perceived improvements in the US economy will send the USDJPY up over the next few months, however CURRENTLY there is a short-biased across the currency market as it relates USDJPY. As it stands, JPY is very strong and had a great run over the past few weeks. The strong Yen will continue to push USDJPY down over the next few (possibly 2 to 3) weeks, but will slowly fade (in my opinion). Good news and feelings can only last so long. After the JPY bullish bias fades and the US Market picks up, I expect this pair to rise. My short term opinion follows the rest of the world in seeing USDJPY bearish. This bearish move is good for a couple of hundred pips, BUT the long term 1000+ pip move will come from a longer-term bullish move, in which I believe the USD will rake the floor with JPY. Let me know what you think, would love to hear your opinion. Click on the reply button and leave your comment. USDJPY

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- StampsFX